1. OCR Capture
What type are you considering? Zonal or Intelligent Metadata Capture?
2. Cloud vs On-Premise
Sass Option or Hosted on your Internal Servers?
3. Data Centres
If you choose SaaS hosting option are the data centres located in australia?
4. P.O Matching
Have you thought about a ‘procure-to-pay’ solution to re-engineer your AP process?
What compliance regulations is your industry bound by?
An amating tool, but be careful you don’t evolve to a point where you can never re-engineer your process.
Does your Account/ERP system allow API integration? If not are you happy with scheduled csv uploads?
8. Named vs Concurrent
Your choice of license type determines your cost. Understand who needs access, and how often?
9. Configurable vs Customisable
Its the future process changes that rack up the costs and eat into ROI.
Enabling users to approve remotely greatly improves efficency.
With API integration you can cross reference invoice data with your ERP/Accounting System and eliminate the risk of fraud.
12. Off the Shelf?
Off the shelf solutions will not allow you to mirror your own approval workflow. You’ll need to adapt your process to their solution. Avoid This.